May 2012 Blog Posts (263)

Forex Price Action Setups - EUR/JPY Prints 12 Year Lows - May 31st

EUR/JPY Prints 12 Year Lows...More Downside?



Selling off for 8 days in a row, the EURJPY has been getting pummeled by the Greek tragedy and the Pain in Spain, which now (the latter) seems to be taking center stage.  We checked the data and 8 days is the max. consecutive selling days this pair has printed over the last 12 years.  It has only done this (8 days of consecutive selling) 2x in history, today completing the 2nd…

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Added by 2ndSkiesForex on May 31, 2012 at 11:44pm — No Comments

$USDCAD- continuation?

Currently the cross  is @ 1.0292 and building an ascending wedge .   A break of the resistance @ 1.0321 will target the -0.270 fib extension @ 1.0390.   A break down there, look for the 0.382 Fibo support @ 1.0166.

 …

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Added by Scott Barkley on May 31, 2012 at 1:07pm — No Comments

$USDCAD- continuation?

Currently the cross  is @ 1.0292 and building an ascending wedge .   A break of the resistance @ 1.0321 will target the -0.270 fib extension @ 1.0390.   A break down there, look for the 0.382 Fibo support @ 1.0166.

 …

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Added by Scott Barkley on May 31, 2012 at 1:07pm — No Comments

USDJPY: Sells Off, Targets Further Declines.

USDJPY: With continued weakness seeing the pair breaking the 78.99 level, we are looking for USDJPY to target further downside. This will leave the pair aiming at the 78.18/27 levels. Below here will extend downside pressure towards the 77.00 level. Its daily RSI is bearish and pointing lower supporting this view. On the other hand, the pair will have to break and hold above the 80.60 level and the 81.77 level to signal that a bottom is in place. This will bring further upside towards the…

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Added by fxtech on May 31, 2012 at 11:39am — No Comments

EUR/USD Moves Upwards After Positive Euro-zone Data

The markets finally had some French and German data to cheer about on Thursday, and the good news helped the Euro USD reverse its downward slide. However, concerns remain high that Spain may be forced to ask for an international bailout, as the recession and banking crisis and high borrowing costs weigh heavily on the economy. With the elections still three weeks away, look for Greece to remain in…

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Added by Yohay Elam on May 31, 2012 at 9:57am — No Comments

WhO WilL BiLL tHe cAt !! MaY 31

 

Europe is getting tough, as Spain has taken the lead over Greece. Financial crisis is becoming more painful due to Spain’s banking sector disaster that has already sucked in over Euro 330 billion, but it still demands more money. They do not have collateral to offer against fresh borrowings and window dressing looks difficult.…

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Added by asad rizvi on May 31, 2012 at 3:34am — 4 Comments

Bright Side?

There’s always a bright side to things, just ask the markets.



All three headline composites of the latest Case Shiller home price index were lower for the first quarter 2012. In fact, home prices in many cities are at the lowest levels since the housing crisis began.



This “good news” combined with the other “good news,” Greece being such a gigantic financial disaster that it’s getting kicked out of the Euro, propelled the market higher.…

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Added by Larry Levin on May 31, 2012 at 2:16am — No Comments

Forex Price Action Setups - USD/CHF Breakout Retest Setup Plays to Perfection - May 30th

USDCHF - Breakout Retest Setup Plays Out to Perfection

 

Ahh, the Swissie, the gift that keeps on giving.  Chocolate, good watches, offshore accounts, and textbook breakout retest setups.

Anyone following this blog will notice I've been writing on the forex price action…

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Added by 2ndSkiesForex on May 30, 2012 at 10:49pm — 1 Comment

Schiff: America is Already Bankrupt

Peter Schiff makes it clear, up front, why he's not trying to save America from fiscal disaster. He's not un-American, he's just too late. "We're already bankrupt," Schiff declares in the attached clip. "Better to acknowledge that fact than to pretend we're not."

Click on the map for more.

(c)…

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Added by Ron Schelling on May 30, 2012 at 6:28pm — No Comments

Sieden M'Ok? S/D

So, Lisa, this is what I mean. Below is EURUSD 15 min chart. There is only one level that "qualifies", so I have to wait and wait and wait for price to come up to short it from the level. I hate waiting. I've marked up 12 different pairs for qualifying levels, but it is just so much waiting. The criteria is so strict that very few setups are available in a single day, even on a 15 min chart. Yesterday I had two. I'm not going to sit and watch grass grow, if you know what I mean, but luckily…

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Added by Andrew Lewis on May 30, 2012 at 4:17pm — 7 Comments

Usd/Chf 30 min chart

This bearish harmonic pattern in Usd/chf suggesting me to enter short in Usd/Chf and long in Eur/Usd as it is exhausted and bearish price action at…

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Added by Tarun Reddy on May 30, 2012 at 3:54pm — No Comments

Eur/Usd 1hr chart

This is how i took long in Eur/Usd.

Added by Tarun Reddy on May 30, 2012 at 3:46pm — No Comments

Euro/Usd daily chart !! Go long towards 1.4250 :)

I have entered long at 1.2420 with 250 pips stop trading and take profit at 14250

Added by Tarun Reddy on May 30, 2012 at 3:45pm — No Comments

Thursday May 31st 11:00GMT: Introducing Ian Copsey's new book "Harmonic Elliott Wave"

do not miss it!

Francesc

The Trader's Bookshelf: "Harmonic Elliott Wave" with Ian Copsey 

Type:
Showroom

Register for this Session


Expert: Gonçalo…

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Added by Francesc Riverola on May 30, 2012 at 3:18pm — No Comments

Euro dip Summer entrance reversal

My summer target for eur usd 1.237 is near to be reached, by now the price is 1.24. I think today, a major correction on the way, before seeing lower than 1.237. This is a major turnpoint, i expect price to rise towards 1,30 in a rush, within a mere two weeks.

That point will be the breaking point of the euro towards lower levels 1,20's. Probably ten or less days before the greek election at 17 june. After the election i think greece will be kicked out of euro, which will pave way for…

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Added by gunes unver on May 30, 2012 at 2:28pm — 1 Comment

Greenwich Associates - The Impact of the Greece Crisis on Global Forex Markets

THE IMPACT OF THE GREECE CRISIS ON GLOBAL FX MARKETS

Wednesday, May 30, 2012 Stamford, CT USA — As governments, investors and companies scramble to prepare for the chaos that could arise from a Greek exit from the euro zone, it is interesting to note that few seem at all concerned about how global foreign exchange markets would function amid a sudden breakup of one of the world’s major currencies. The reason: The global FX market…

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Added by Francesc Riverola on May 30, 2012 at 1:56pm — No Comments

$GBPUSD- continuation?

Currently the cross  is @ 1.5588 after hitting yesterday’s target.   A break of the support @ 1.5571 will target the -0.618 fib extension @ 1.5495.   A break down there, look for the 1.5405 support.…

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Added by Scott Barkley on May 30, 2012 at 1:27pm — No Comments

EUR/USD Market Jitters Continue on Spanish and Italian Funding Issues

Euro USD is continuing its downward spiral. Fears are rising that Spain may be forced to ask for an international bailout, as the recession and banking crisis continue to take their toll on the economy. mount together with yields. In Greece, the EFSF injected 18 billion euros into the country’s struggling banks. This may shift the focus away from the troubled nation for now, but capital continues…

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Added by Yohay Elam on May 30, 2012 at 10:17am — No Comments

EurO UndeR PressurE & GolD…May 30

 

It seems that the crack is fast appearing in the Spanish banking system and ECB is unwilling to come to its rescue due to size of damage, which may not be easily repairable. This could be one big factor that sensing problem ahead, the Spanish Prime Minister appeared in an emergency news conference on Monday to give confidence about its banking system, which is certainly not in good shape.

The reason is very simple that the Spanish banks have already…

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Added by asad rizvi on May 30, 2012 at 2:00am — 8 Comments

US Non-Farm Payroll Key Level @ 54K (How will it impact EURUSD & S&P500?)

US Non-Farm Payroll will likely impact EURUSD & S&P500 as momentum is likely to continue decelerating into the key level at 54k (2011 low), potentially renewing safe haven flows back into the USD and compounding EU contagion pressure.



HAPPY "NFP" Greetings Enlightened…

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Added by Ron William on May 30, 2012 at 1:00am — 1 Comment

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